U.S. senators have reached a tentative agreement with the White House to address stablecoin yield disputes between banks and digital asset firms. The deal focuses on how stablecoins can offer rewards without threatening traditional bank deposits. Lawmakers hope the agreement will allow the Senate to pass cryptocurrency legislation soon. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) confirmed the deal could lead to a crypto bill being signed within weeks. Alsobrooks said, “We’ve come a long way. This will allow us to protect innovation while preventing deposit flight.
